Arthur J. Gallagher & Co. Acquires Peabody Insurance Agency, Inc.
November 5, 2024
Arthur J. Gallagher & Co. has acquired Fenton, Michigan-based Peabody Insurance Agency, Inc.; terms were not disclosed. The acquisition expands Gallagher's retail brokerage capabilities and presence in southeast Michigan, with Jim Peabody, Grace Peabody-Ljoljic and the Peabody team remaining in their current location under Gallagher's Great Lakes region retail P/C operations.
- Buyers
- Arthur J. Gallagher & Co.
- Targets
- Peabody Insurance Agency, Inc.
- Sellers
- Jim Peabody, Grace Peabody-Ljoljic, Peabody family/team
- Industry
- Insurance
- Location
- Michigan, United States
- Transaction Type
- Buyout
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